Federal Reserve - Annual Report 2005

According to the Federal Reserve's Annual Report 2005, the U.S. economy delivered a solid performance in 2005 despite a further sharp increase in energy prices and devastating hurricanes.

Real gross domestic product is estimated to have risen a little more than 3 percent over the four quarters of 2005 even though growth slowed significantly in the fourth quarter as a result of storm related disruptions and other factors that are likely to prove transitory. The increase in real GDP in 2005 was

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